1.

Record Nr.

UNINA9910162822403321

Autore

Blackmon Pamela

Titolo

The political economy of trade finance : export credit agencies, the Paris Club and the IMF / / Pamela Blackmon

Pubbl/distr/stampa

New York : , : Routledge, , 2017

ISBN

1-315-77061-X

1-317-67292-5

1-317-67291-7

Edizione

[First edition.]

Descrizione fisica

1 online resource (141 pages) : illustrations, tables

Collana

Routledge Frontiers of Political Economy

Disciplina

332.7/42

332.742

Soggetti

Export credit

Debt relief

Debts, External

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

1. Insuring and financing trade -- 2. Exporting goods to developing countries -- 3. Paris Club debt rescheduling and the HIPC initiative -- 4. The cyclical process : the IMF, debt rescheduling and export credits -- 5. Increasing trade during the crisis.

Sommario/riassunto

The Political Economy of Trade Finance provides a detailed analysis as to how firms use the medium and longer-term financing provided by ECAs to export goods to developing countries. It also explains how ECA arrears has contributed to the debt of developing countries and illustrates how the commercial interests of ECA activity are evident decisions about IMF arrangements and how these are related to debt rescheduling through the Paris Club. Finally, the book documents how OECDs used their ECAs in order to supplement private sector finance during the 2008 Global Financial Crisis in order to mitigate the steep declines in international trade.